Virtu Financial LLC Makes New Investment in Arch Capital Group Ltd. (NASDAQ:ACGL)

Virtu Financial LLC purchased a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 11,162 shares of the insurance provider’s stock, valued at approximately $829,000.

Several other large investors have also recently bought and sold shares of ACGL. Neo Ivy Capital Management acquired a new stake in Arch Capital Group during the 4th quarter worth $239,000. Auxier Asset Management bought a new position in shares of Arch Capital Group during the 4th quarter valued at about $305,000. V Square Quantitative Management LLC grew its position in shares of Arch Capital Group by 32.1% in the 4th quarter. V Square Quantitative Management LLC now owns 6,750 shares of the insurance provider’s stock valued at $501,000 after purchasing an additional 1,639 shares during the period. Quarry LP bought a new stake in Arch Capital Group during the 4th quarter worth approximately $60,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Arch Capital Group by 61.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,191,282 shares of the insurance provider’s stock worth $237,017,000 after buying an additional 1,216,080 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Stock Performance

NASDAQ:ACGL traded down $1.89 on Friday, hitting $97.26. The company’s stock had a trading volume of 1,638,616 shares, compared to its average volume of 1,824,789. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a one year low of $69.49 and a one year high of $103.79. The stock has a fifty day moving average of $97.14 and a two-hundred day moving average of $87.97. The firm has a market capitalization of $36.52 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 1.67 and a beta of 0.60.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.39. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $1.73 EPS. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Research analysts predict that Arch Capital Group Ltd. will post 8.55 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO David Gansberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $96.64, for a total value of $966,400.00. Following the transaction, the chief executive officer now owns 228,035 shares of the company’s stock, valued at $22,037,302.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACGL shares. Evercore ISI increased their price objective on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 30th. Bank of America lifted their price target on Arch Capital Group from $109.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. JMP Securities upped their price objective on Arch Capital Group from $100.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Arch Capital Group from $103.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley lifted their price objective on shares of Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.33.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.